Congress·In Committee·S. 4761

Tax Court Parity Act

Tax Court: Fixing Errors in Legal Rulings

A bill to amend the Internal Revenue Code of 1986 to clarify the authority of the Tax Court to order relief from a judgment or order.

Jun 11·View on Congress.gov·Read full text

Next up: A senate committee

This bill is currently in the early stages of the legislative process after being sent to the Senate Committee on Finance for review. No further actions or hearings have been scheduled at this time. The bill is considered active but is not moving quickly through the system.

Legislative Progress

Senate

House

President

Law

Could go either way

This is a bipartisan bill that fixes a technical legal issue, which usually helps it move forward. However, many small bills like this get stuck in committee because they are not seen as top priorities.

Key Points

This bill gives the U.S. Tax Court the power to fix simple mistakes in its rulings. Right now, it is hard for the court to change a decision once it is finished, even if there was a typo or a small oversight.
People could ask the court to look at their case again if they find new evidence that would change the outcome. This also applies if the other side committed fraud or if there was a major misunderstanding during the trial.
In most cases, a person would have one year to ask for a fix if the problem was a mistake or new evidence. For other serious issues, like a ruling that was legally void, they just have to ask within a reasonable amount of time.
If the court decides to change a ruling, either side can appeal that new decision to a higher court within 90 days. This ensures that the process remains fair for both the taxpayer and the government.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

2 milestones2 actions

Jun 11, 2026Senate

Read twice and referred to the Committee on Finance.

Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.

Jun 11, 2026

Introduced in Senate

The bill was officially filed and given a number. It now enters the legislative queue.

No votes or news coverage recorded for this bill yet.

Source Information

Document Type

Congressional Bill

Official Title

A bill to amend the Internal Revenue Code of 1986 to clarify the authority of the Tax Court to order relief from a judgment or order.

Bill NumberS 4761

Congress119th Congress

ChamberSenate

Latest ActionRead twice and referred to the Committee on Finance.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Cosponsors

(1)

D: 1

Analysis generated by AI. Always verify with official sources.